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Search Results 0 to 7 of about 8
brinksmanship, not scare the heck out of folks quite so much. >> reporter: eric cantor voted no on the compromise. he dropped efforts to amanned the bill to add more spending cuts after failing to get enough fellow republicans to agree. >> the senate bill failed in cutting spending. >> this is unacceptable. >> reporter: the compromise makes bush era tax cuts permanent for individuals who make less than $400,000 a year and families who earn under $450,000 a year. president of the san fransisco republican assembly. >> we are spending much more than we take in. we're borrowing to spend just as we have an addiction with spending our spending has multiplied. so has our addiction for leaving this till later. >> reporter: congress will have another standoff in two months when it must consider raiding the federal borrowing limit so the government can pay its bill. sharon chin, cbs 5. >>> man is dead after being swept out to sea while working on a marin county beach with his wife and dog. the couple was hit by a wave on north beach in the point reyes national sea shore around 5:30 thi
. ---el influyente lder republicano de la cmara de representantes, eric cantor, explic que sus colegas se oponan al acuerdo y que a partir de ahora estudiaran vas para seguir adelante. take vo ---en otras noticias, el presidente barack obama reiter su compromiso de impulsar una reforma migratoria comprensiva en el primer aÑo de su segundo mandato que arranca el 20 de enero. ---obama dice que la reforma migratoria figurar en 2013, entre las principales prioridades de su agenda de gobierno. ---sin embargo, el mandatario no dio detalles acerca de los componentes de la legislacion reformista. ---obama, ha sido duramente criticado por la deportacion de mas de un millon de indocumentados durante su mandato, algunos sin antecedentes penales. blanca ---tiempo de la primera pausa, pero mas adelante... take vo ---hoy entra en vigor una ley que podria beneficiar a miles de conductores en california take vo ---un diario espaÑol hace fuertes declaraciones sobre la salud del presidente de venezuela hugo chavez.. ya volvemos segment ends blanca ---con el inicio del aÑo nuevo, -imposible. hey! dy's si
to be speaking for this bill but i can't. >> reporter: 151 republicans including eric cantor the number two ranging house member voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his addr
, including eric cantor, the number 2 ranking house member, voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urge them not to play politics with the debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could b
eric cantor the number 2 ranking house member voted against the bill because it didn't address spending. >> what we're doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress other than over whether they should pay the bills they have already racked up. >> reporter: the country is just a few months away from defaulting on their loans for the first too many in history. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exch
the president more money to spend. we think that's a bad idea. >> reporter: republican majority leader eric cantor told supporters he did not support the bill in its current form. do you personally oppose the bill? >> i do not support the bill. >> reporter: the senate agreement postpones harsh across-the-board spending cuts for a few months. it also makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000 a year. the white house sent vice president joe biden here to capitol hill to try to broker a deal with the house just like he did in the senate. house democrats are welcoming his help. >> vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. >> i think that we've mad gigantic progress. i hope we can have a bipartisan agreement. >> reporter: even though the country went over the "fiscal cliff" at midnight monday officially, the senate version of the bill makes all tax cut extensions retroactive to the beginning of the year. and again we just g
the republicans have to say. >> reporter: house majority leader eric cantor and speaker john boehner were meeting with fellow repub scans. neither was too excited, expressing deep concerns. house gop members considering making amendments like adding spending cuts. that would force the bill back to the senate with the deadline bearing down on everyone. the legislation raises revenue by increasing taxes on the affluent but contains almost no spending cuts. it makes the spending cuts permanent for families making less than 450,000 per year and provides another year of unemployment benefits for two million people but payroll taxes are going up. vice president joe biden who negotiated the deal with mitch mcconnell also on the hill trying to get support from house democrats. and the political wrangling is far from over. no matter how this deal turns out both sides headed for major clash by the end of february over whether or not to raise the nation's debt ceiling. at the white house, ed henry, fox news. >> despite a wee hours of the morning fiscal cliff deal in the senate, the house of representatives
that's a bad idea. >> reporter: republican majority leader eric cantor told reporters he did not support the bill in its current form. do you personally oppose the bill? >> i do not support the bill. >> reporter: the senate agreement postpones harsh across-the-board spending cuts for a few months. it also makes bush-era tax cuts permanent for individuals making under $400,000 a year and families making under $450,000 a year. the white house sent vice president joe biden here to capitol hill to try to broker a deal with the house just like he did in the senate. house democrats are welcoming his help. >> vice president biden has worked very hard to come to a compromise. by definition, a compromise has elements in it that each party does not like. >> i think that we've mad i think that we've made gigantic progress. i hope that we can have a bipartisan agreement as we go forward. >> reporter: even though the country went over the "fiscal cliff" at midnight monday officially, the senate version of the bill makes all tax cut extensions retroactive to the beginning of the year. and
Search Results 0 to 7 of about 8